by Lara | Oct 6, 2015 | Gold |
Upwards movement was expected by the bull Elliott wave count overall, but the pathway there was not what was expected. Price still has not invalidated or confirmed either Elliott wave count. Summary: It looks most likely we shall see some downwards movement from here....
by Lara | Oct 6, 2015 | US Oil, US Oil Historical |
The triangle completed sideways and was followed by upwards movement, as expected. The target is recalculated today. Summary: I expect a zigzag is completing upwards. The target is at 51.14 to 51.2. If it is met in three days time, the correction would last a...
by Lara | Oct 5, 2015 | Gold |
A slight new high on light volume changes both Elliott wave counts. The bull and bear Elliott wave counts now diverge. Summary: The bear wave count expects downwards movement and would be confirmed with a new low below 1,098.85; the target is 1,058. The bull wave...
by Lara | Oct 2, 2015 | Gold |
An upwards correction was expected as likely to have begun, and this was confirmed when the small channel on the hourly chart was breached. Two targets were provided: 1,128 or 1,139. Price reached up to 1,141. Summary: Next week both wave counts expect downwards...
by Lara | Oct 1, 2015 | Gold |
A small red doji candlestick fits both Elliott wave counts nicely, for the short term. Summary: Both Elliott wave counts expect a small consolidation has begun. However, we do not have confirmation at the hourly chart level yet. Only a breach of the channel on the...
by Lara | Sep 30, 2015 | Silver, Silver Historical
Silver has been in a bear market since April 2011. There is not enough technical confirmation of a change from bear to bull. For this reason I favour the third wave count which is bearish. But the first two wave counts are entirely possible. Price will tell us which...
by Lara | Sep 30, 2015 | Gold |
Both Elliott wave counts expected a small consolidation to begin and to last for one to three days. This is not what happened. Price moved lower. Summary: Both Elliott wave counts still expect a consolidation to show up which should last one to three days. The...
by Lara | Sep 29, 2015 | Gold |
Both Elliott wave counts will expect the same movement next. Summary: A small consolidation should unfold over the next one to three days. The bear wave count sees it as a second wave correction, the bull as a B wave within a B wave. When it is done the breakout...
by Lara | Sep 29, 2015 | US Oil, US Oil Historical |
Upwards movement was expected for the last week but did not happen. Price has moved sideways, in a decreasing range, to continue a B wave triangle. Summary: When the triangle is complete a short wave up should unfold to complete this second wave correction. The target...
